(Finance) – In the months of January-June 2022 the tax revenues amount to 242,877 million euros, with an increase of 28,951 million euros compared to the same period of the previous year (+ 13.5%). “The significant increase recorded in the period under review – explains the Mef in a note – is mainly influenced by three factors: by the dragging of the positive effects on revenues that were determined starting from 2021, by the effects of the ‘Relaunch decree’ and the ‘ August decree ‘, which in the two-year period 2020-2021 had arranged for extensions, suspensions and resumption of tax payments with the possibility of installments and, finally, by the effects of the increase in consumer prices which have influenced, in particular, the growth of VAT”.
In the June the tax revenues amounted to 54,203 million euros (+10,389 million euros, + 23.7%). In particular, direct taxes had an increase in revenue of € 8,507 million (+ 31.3%) and indirect taxes recorded a positive trend of € 1,882 million (+ 11.3%).
DIRECT TAXES – In the first six months of 2022, direct taxes amounted to 131,590 million euros, with an increase of 13,674 million euros (+ 11.6%). The income from personal income tax stood at 99,598 million euros with an increase of 4,009 million euros (+ 4.2%). In particular, the withholdings made on the income of private sector employees recorded an increase of 1,488 million euros (+ 3.5%) and the deemed self-employed of 502 million euros (+ 8.4%) while the withholdings on the income of public sector employees they had a decrease of 196 million euros (-0.5%). THE payments for self-settlement they marked an increase of 1,594 million euros (+ 49.3%) as, as for the self-assessment of IRES, the deadlines for self-tax payments for taxpayers subjected to the tax reliability indexes (ISA) have changed. Significant increases in revenue were recorded for thesubstitute tax on investment income and capital gains (+1,324 million euros, + 151.8%) due to the favorable trend of the asset management market in 2021. Also thesubstitute tax on the asset value of pension funds recorded an increase (+1,038 million euros, + 102.7%) attributable to the positive trend of the positions in the supplementary pension schemes at the end of 2021, compared to 2020, and to the yields. The Mef reports theincrease in IRES equal to 6,158 million euros (+ 74.7%) attributable to the change in the deadlines of the self-tax payments for taxpayers subject to the tax reliability indexes (ISA) in the year 2021. Finally, thesubstitute tax on income as well as withholding taxes on interest and other capital gains increased by € 383 million (+ 7.0%) and withholding taxes on profits distributed by legal entities increased by € 364 million (+ 33.6%).
INDIRECT TAXES – Indirect taxes amounted to 111,287 million euros, with an increase of 15,277 million euros (+ 15.9%). It contributed to the positive trend VATwith an increase in revenue of 12,115 million euros (+ 19.5%), in particular the component relating to internal exchanges showed an increase of 7,869 million euros (+ 14.2%), while theVAT on imports recorded an increase of 4,246 million euros (+ 63.7%). This last result – the note reads – is linked, in large part, to the trend in the price of oil, which resulted in growth. Among other indirect taxes, they recorded positive trends revenue from stamp duty (+664 million euros, + 19.1%) andregistration tax (+156 million euros, + 5.9%) while theinsurance taxi had a negative change (-3 million euros, -0.8%).
REVENUE FROM GAMES – Gaming-related revenue increased by € 1,902 million (+ 36.0%).
REVENUE FROM ASSESSMENT AND CONTROL – The revenue from tax revenues deriving from verification and control activities showed an increase of 2,518 million euros (+ 70.8%) of which: 1,792 million euros (+ 104.2%) came from direct taxes and 725 million euros (+ 39.4%) from indirect taxes. The comparison with the same period last year is not homogeneous as in 2021 the collection activities were suspended until 31 August 2021 (Law Decree no.73 / 2021, so-called ‘support decree-bis’).